As well as blue-chip favourites like CSL Limited (ASX: CSL) and Sydney Airport Holdings Ltd (ASX: SYD), I believe the Australian share market is home to a number of small-cap shares with significant long-term growth potential.
Three shares which I think are worth putting on your watchlist today are as follows:
Freelancer Ltd (ASX: FLN)
Freelancer is the operator of the world's largest freelancing and crowdsourcing marketplace based on number of users and projects. At the last count Freelancer had over 24 million employers and freelancers using its platform worldwide. I believe this puts the company in a strong position to profit from the rise of the gig economy.
LiveHire Ltd (ASX: LVH)
LiveHire is a fast-growing talent technology company that provides businesses with a software platform which creates a pool of pre-qualified job candidates to access when they need to recruit. This saves both time and money for businesses during the recruitment process and unsurprisingly is growing in popularity. Customers using its service include the likes of Bupa and Wesfarmers Ltd (ASX: WES).
National Veterinary Care Ltd (ASX: NVL)
On average 79% of dogs and 65% of cats go to the vet at least once a year according to this veterinary company's recent presentation. With Australian pet ownership rising to a massive 62% of households, I believe this bodes well for the company and its 54 veterinary services businesses. As well as this organic growth, I believe the company has an opportunity to grow through acquisition thanks to the fragmented market.
